21.   Companies are beginning to warn investors of earnings shortfalls as the fourth quarter draws to a close.

22.   Companies that warned investors about their results included Astea International Inc., a publisher of customer service software.

23.   Compaq Computer Corp. and Digital Equipment, among others, have warned investors demand is cooling off from last year.

24.   Digital Equipment warned investors of the slowdown at a conference yesterday, analysts said.

25.   For example, state regulators were the first to warn investors about microcap fraud and shut down many bucket shops.

26.   For some industry executives and financial advisers, the money might be better spent warning investors about the risks of high-flying markets.

27.   Gillette is in serious need of strategies to increase sales because business has stalled, prompting management to warn investors not to expect much improvement anytime soon.

28.   Hollenbeck warned investors against relying too heavily on slot machines to save them.

29.   In a decision that puzzled analysts, Stratus failed to warn investors of the setback beforehand, as is customary.

30.   In addition, Greenspan warned investors against expecting the stock market to continue endlessly upward.